Stanford Group ---SEC says "MASSIVE FRAUD"

Quote from Clubber Lang:

One of the biggest problems in America is the total lack of personal responsibility. Everyone does stupid/greedy stuff and then blames it on someone else--

"The mortgage lender made me sign paperwork that I didn't understand"

"I bought 5 houses as an investment because my realtor said real estate prices never go down"

"I was promised market beating returns with no risk"
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Stanford offered "guaranteed returns" on CD's that were many times larger than the rate of returns on FDIC equivalents. Any reasonable adult should know that it's not possible.

Common sense has disappeared. What's left behind is a bunch of ignorant dopes looking for government handouts.
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Thank you!
 
Were was anyone, asking anything, over the last 15 years?

Wow. I am blown away by the shit people pulled and got away with.

This guy is toast, but like Madoff, look at all the people he took down with him, all while he built his client base and personal billions playing golf with presidents and the heads of the SEC and G_d know's whoever else in government.
 
Quote from ByLoSellHi:

Were was anyone, asking anything, over the last 15 years?

Wow. I am blown away by the shit people pulled and got away with.

This guy is toast, but like Madoff, look at all the people he took down with him, all while he built his client base and personal billions playing golf with presidents and the heads of the SEC and G_d know's whoever else in government.
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Again, I am not surprised by any of this. There will be more of these Madoff's that turn up eventually. Surprised that there aren't more like this outside of America. I would be worried about the Euro block. They seem to be very slow reacting to this global recessio.
 
Quote from lolatBushites:

It's interesting how you forget to mention the crooks, liars and charlatans who were allowed to perpetuate fraud by the govt. You blame everyone except the guy who is carrying out the fraudulent activity. I'm not surprised, no one can expect any better from someone who voted for Bush twice.
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As an ignorant liberal you obviously expect the government to take care of everything and catch every criminal among the 305,000,000 people living in the U.S.

What a shock, a liberal looking to the government for help. Pathetic.

A more educated and thinking individual would conclude that "common sense" would put 99% of would be scammers, ponzi schemers, and charlatans out of business leaving the government to take care of more important matters (like paying your section 8 housing and food stamps, moron).
 
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